Question: Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Materials Conversion

Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.

Materials Conversion
Cost per equivalent unit $ 32.10 $ 27.80
Equivalent units in ending work in process 1,590 590

During the month, 7,900 units were completed and transferred from the Assembly Department to the next department.

Required:

Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!